credit system
1
3.1
- noun
- /ˈkrɛdɪt ˈsɪstəm/
:
sistema de crédito
- The EPA employs a cumbersome letter-of-credit system to make federal seed payments under the program.
Examples
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Many consumers rely on the credit system to make large purchases that they cannot afford upfront.
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The Universal Credit system is there to ensure that people that work will always pay for people.
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Guarantee not just the domestic but also the international credit system.
Blog text (22) -
In Brazil, Collins (1986, 5-7) points to the national rural credit system as providing the initial impulse activating this process.
Academic text (1994) -
Guarantee the safety and soundness of the credit system as a whole in emergencies, even though it rescues many who made rash bets and provides some encouragement for future rashness.
Blog text (22) -
The new credit system allows shoppers to buy items now and pay for them later.
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A reliable credit system helps businesses extend payment terms to customers while boosting sales.
How Credit-Based
- Specialized
1
3.1
Surface Forms
Morphology
The phrase is compositionally built from 'credit' (a financial or trust-related token) and 'system' (a formal set of rules), so a learner who knows both words can infer it denotes a system relating to credit. However, the specific sense given here — a governmental, behaviour-based non-monetary scoring scheme (‘social credit’) — relies on a particular extension of 'credit' and is not fully predictable from the constituents, making the expression only partially transparent.
Etymology
Credit system comes from the older idea of credit meaning 'trust': shopkeepers would let customers take goods now and 'pay later' because they trusted them. So a credit system is a way to buy now and pay later.